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Will I have to go to court?The vast majority of bankruptcy cases do not require your appearance in the Bankruptcy Court. You will be required to appear at a creditors meeting. This is not in a courtroom and it is not before a judge. See Creditors Meeting below. Will I lose my property?Filing bankruptcy does not mean that you will necessarily lose any property. Although a Chapter 7 bankruptcy is referred to as a "Liquidation", the majority of the cases are in fact classified as "no asset" cases in which the debtor does not lose any property. This is not because the debtor did not own any property, either all the debtors property was encumbered by liens, or the property was considered exempt. This classification will be discussed in more detail during your consultation.
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